MGM Resorts International (N:MGM)

Sector:  Consumer Cyclicals Industry:  Casinos & Gaming
See Regulatory Filings on SEC
Company Contact
Address: 3600 LAS VEGAS BLVD S
Tel: N/A
IR: See website
Key People
Paul J. Salem
Chairman of the Board
William Joseph Hornbuckle
President, Chief Executive Officer, Director
Corey Ian Sanders
Chief Financial Officer, Treasurer
Atif Rafiq
President of Commercial and Growth
Robert C Selwood
Executive Vice President, Chief Accounting Officer
John M. McManus
Executive Vice President, General Counsel, Secretary
Business Overview
MGM Resorts International is a holding company. The Company, through its subsidiaries, owns and operates casino resorts. The Company operates in two segments: domestic resorts and MGM China. Its domestic resorts segment consists of non-gaming operations, including hotel, food and beverage, entertainment and other non-gaming amenities. Its casino operations feature a range of slots, table games, and race and sports book wagering. Its MGM China's operations consist of the MGM Macau resort and casino, and the development of an integrated casino, hotel and entertainment resort on the Cotai Strip in Macau. Under its resort operation, the Company's casino resorts offer gaming, hotel, convention, dining, entertainment, retail and other resort amenities. It owns Primm Valley Golf Club at the California/Nevada state line and Fallen Oak golf course in Saucier, Mississippi, among others.
Financial Overview
For the six months ended 30 June 2020, MGM Resorts International revenues decreased 60% to $2.54B. Net loss applicable to common stockholders totaled $10.1M vs. income of $71.9M. Revenues reflect Las Vegas Strip Resorts segment decrease of 56% to $1.28B, Occupancy - %Circus decrease of 55% to 43%. Net loss reflects Other, net increase from $44.6M to $115.9M (expense). Dividend per share decreased from $0.26 to $0.15.
Employees: 52,000 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $18,265M as of Jun 30, 2020
Annual revenue (TTM): $9,042M as of Jun 30, 2020
EBITDA (TTM): $849.52M as of Jun 30, 2020
Net annual income (TTM): $1,964M as of Jun 30, 2020
Free cash flow (TTM): -$1,009M as of Jun 30, 2020
Net Debt Last Fiscal Year: $6,742M as of Jun 30, 2020
Shares outstanding: 493,281,168 as of Jul 30, 2020
Index Membership: S&P 500
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization

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